in tubular form. To know what such data means you will have to read the tables and apply what you have learned. Your notes should focus on the details you will need to identify the business problems involved in the case‚ the issues critical to solving those problems‚ as well as resources available to the managers in the case. Those notes will be helpful in producing a case solution. Look for (business) problem(s): Do not just rephrase the obvious problems stated in the case‚ but try to identify
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2-1 BU8101 Accounting: A User Perspective Lecture 2 The Accounting Cycle Wednesday‚ 17 August 2011 Mrs. Ho Yin Kheng S3-01C-88 Nanyang Business School Nanyang Technological University Email: yklau@ntu.edu.sg Tel: 67905694 2-2 LO 2 Lecture Outline 1. Analyzing Business Transactions 2. Recording Process a. b. c. d. e. f. The Source Document The journal The accounts Debit and Credit rule Recording process illustrated Unadjusted trial balance 3. Adjusting entries
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Chapter 2 Cost Terms‚ Concepts‚ and Classifications Exercise 2-2 (15 minutes) 1. 2. 3. 4. 5. 6. 7. 8. 9. 10 . 11 . 12 . 13 . 14 . 15 . Depreciation on salespersons’ cars ................ Rent on equipment used in the factory .......... Lubricants used for machine maintenance ..... Salaries of personnel who work in the finished goods warehouse.............................. Soap and paper towels used by factory workers at the end of a shift ...................... Factory supervisors’ salaries
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Therefore‚ working with a group‚ and thinking as a team can have greater advantages. One of the advantages of teamwork is seeing different solutions to a particular problem. As a team‚ “you see different points of view and learn new ways of solving problems” (Beverly K. Bachel‚ 2007). In addition‚ true teamwork and learning to problem solve as a team‚ builds communication skills. Through the building of communication skills‚ a team is able to share ideas‚ and provide useful feedback. According
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LEARNING OUTCOME 1 WE ARE ALWAYS LOOKING FOR SOLUTIONS PROBLEM – SOLVING TECHNIQUE UNDERSTANDING OBSERVATION IDEATION PROTOTYPING Understanding IDENTIFY • ISSUE HAS TO BE IDENTIFIED • ASK QUESTIONS TO KNOW BETTER : + is the issue really a problem ? + how does it help if the issue is solved? + is it worth the time & money to solve it? + is it be profitable? • Understanding is not restricted to only identifying the issue. • It can even be a technique for
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Ethical Dimensions of Financial Accounting: Keeping two sets of Records Financial Accounting is an informational tool intended for both managers of a company and for external parties of an organization as defined by Garrison. There is also an existence of some regulatory bodies requiring the use of different principles accordingly within companies’ jurisdiction. In some cases‚ companies are required to keep two sets of accounting records. For example‚ publicly traded companies are required to
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Ethics and Legal Responsibility in Accounting The profession of accounting has become spotlighted by the events in recent years including namely Enron. The ethical behavior of businesses is becoming increasingly scrutinized at every turn. Thus it is important to specify the nature of conducting accurate and ethically in accounting and how this can be of subsequent benefit to the company as well as the business world in the long run. The definition of accounting according to Webster ’s dictionary
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Accounting Ethics Accounting Ethics‚ Second Edition. Ronald Duska‚ Brenda Shay Duska‚ and Julie Ragatz © 2011 John Wiley & Sons‚ Ltd. Published 2011 by John Wiley & Sons‚ Ltd. ISBN: 978-1-405-19613-0 Foundations of Business Ethics Series editors: W. Michael Hoffman and Robert E. Frederick Written by an assembly of the most distinguished figures in business ethics‚ the Foundations of Business Ethics series aims to explain and assess the fundamental issues that motivate interest in each of
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QUESTION BTN 1-3 Identify the parties potentially affected by this audit and the fee plan proposed Accounting code of ethics guides those in the profession to behave in a respectful‚ controlled and moral way. Clients need to have confidence in the business practices of professional accounting firms. A clear ethical code ensures that accountants practice a high standard of business that is exceptional in integrity and professionalism (Maughan‚ 2011). According to Schreiber (2003)
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on the students voices leaving the hall. Before leaving‚ he noticed that the professor has written two mathematical problems on the white board. Therefore‚ he wrote them down in his notebook and left the hall. When he came back home‚ he started solving those problems. They were very hard. Therefore‚ he went to the university’s library‚ picked up some references and started working them out again. After 4 days‚ he was able to solve the first problem but he was feeling very angry with his professor
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